m2e-wtp 1.1.0 Luna M7 build (1.1.0.20140507-1656) is available from the p2 repository at [1]. It's also compatible with Eclipse Kepler.
In this milestone, you can chose to disable m2e-wtp configuration, via Eclipse preferences or a Maven property. See [2] for more informations.
Please give it a try and report any bugs you find to Bugzilla [3].
Regards,
Fred Bricon
--
"Have you tried turning it off and on again" - The IT Crowd